My Life Can Hang

"Among the profitability methods that keep is currently exploring, the one that surprises us the most is the category of sports consumer goods, which contributes half of Keep's revenue."

"Intelligent hardware accounts for 35%, training equipment accounts for 40%, and food accounts for 25%."

"In Tmall's fitness category, Keep has ranked fourth, and the top three are Decathlon, lululemon and Yijian, which specializes in treadmills."

"We are also actively building keep as a sports brand, including joint names with Supreme and Uniqlo, which have also achieved relatively good responses."

Tang Qi thought about his words, "Generally speaking, the development of keep is quite promising."

"If we continue to focus on the sports consumer goods business and actively improve the offline gym business, there is still a high possibility of capturing the favor of more investors."

At least from the description of Tang Qi and jumping, after the merger of the two, the super orangutan and keep have each benefited.

This also proves that the merger is still very compatible.

“In terms of valuation in the future, there is no need to have too much pressure.

In the near future, Mr. Hong should come over to discuss with you how Cao Cao Entertainment should develop in the next step.

You should also be prepared to fully cooperate with the decision made by Mr. Hong. "

Chen Dongcheng is also beating Tang Qi and jumping, don't have too many other thoughts.

"Don't worry, we will fully cooperate with Mr. Hong and hold the Douyin thigh."

Tong Qi also made a joke.

However, what he said was true.

Douyin has such thick thighs, I don't know how many companies I want to hug.

"Dong Chen, when will Mr. Hong arrive, so I can make arrangements in advance?"

Tang Qi asked again.

Chen Dongcheng smiled and waved his hand: "No hurry, he has a big thing to do now."

"event?"

Tang Qi and Tiaotiao looked at each other, both curious.

Chen Dongcheng asked casually, "musical.ly, you should have heard of it, right?"

"Ha, you mean the platform that is very similar to Douyin?"

Tang Qi's face was a little weird, and he glanced at Chen Dongcheng secretly.

"Well, it's the company that shares a relationship with Douyin. Hong Jun probably won it soon."

Chen Dongcheng looked at his watch and said with a smile.

"Take it?"

Tang Qi was stunned for a moment, and then asked: "You mean, Douyin is going to acquire musical.ly?"

"Isn't this a normal operation, I have given them a chance, but they didn't grasp it themselves."

Chen Dongcheng shrugged and smiled very relaxedly, as if he was certain that the musical.ly team would agree.

……

At this time in the magic capital, Hong Jun did not live up to expectations and won this hard bone.

"The musical.ly team is officially merged into Cao Cao Entertainment. Do you think Douyin is going overseas?"

At the beginning, news was revealed, and Douyin did not respond.

Who let this period of time, Cao Cao Entertainment almost contracted the hot spots.

Including three major platforms, sitting on hundreds of millions of users.

Cao Cao Entertainment's actions have attracted much attention from insiders.

But no one expected that Hong Jun would take over the musical.ly team quietly.

The musical.ly team is rather sad. In fact, Chen Dongcheng began to pay attention to them a long time ago.

In the early stage of the business, considering that the domestic traffic cost is too expensive, the desire to pay in Europe and the United States is relatively strong.

Yang Luyu and Zhu Jun were the founders, but finally chose the United States as a breakthrough.

They are developing very fast, soaring into the sky, and they almost have the meaning of encroaching on the top social platforms in the United States.

I have won a lot of achievements outside, and I have seen with my own eyes how Douyin has grown into a phenomenal video platform.

The most frustrating thing for them is that many of the designs of Douyin are very similar to them.

If you play Douyin for the first time, it is estimated that you will be able to download two identical software for yourself.

No one will be willing to be a green leaf, especially if they have proved themselves overseas.

Yang Luyu hardly hesitated to persuade investors to establish a short video platform muse in China.

The result is...

Douyin directly crushed it strongly, and a wave of subsidies directly made Yang Luyu and the others kneel and beg for mercy.

You must know that until now, musical.ly’s valuation is only $5 million.

The funds obtained are only more than one billion US dollars.

With just such a small amount of money, it is wishful thinking to compare it with Douyin, which has already burned around $[-] million.

What's more, Douyin's domestic user base is a complete dimensionality reduction suppression.

Without subsidies, where will the content come from?

Without content, how can it be possible to retain users?

Ideal is full, the reality is very skinny.

Capital is the most realistic.

Seeing no hope of catching up with Douyin, the few investors with insufficient funds immediately urged Yang Luyu and the others to sell themselves.

There were many giants asking the price before and after, and Fujixun carefully inspected it, but finally decided to do it by himself, subsidizing Weishi 40 billion.

Kuaishou followed up earlier than Douyin, and was only one step away from winning musical.ly.

At a critical moment, the major shareholder of musical.ly, Cheetah moved off the chain.

If the cheetah was killed, if Kuaishou wanted to win musical.ly, it had to acquire News Republic, an overseas news app.

And Kuaishou has to inject 5000 million US dollars into Live.me, a live broadcast platform owned by Cheetah.

If Kuaishou does not agree, Cheetah Mobile has a veto power and will not agree to Kuaishou's acquisition of musical.ly.

This wave of strong buying and strong selling has really made the scalp of the showy Kuaishou numb.

The current valuation of their Kuaishou is only $60 billion.

Even if he participated in the bidding in this round, it was because of the support of Teng Xun as the father of the gold master.

However, Fujixun can only allocate 10 billion US dollars to Kuaishou.

Teng Xun only led the investment in the magnesium group not long ago, suppressing Cao Cao's comments.

USD 10 billion is already the limit that Fujixun can support Kuaishou.

Kuaishou’s offer should also be more sincere, with a valuation of US$15 billion, and investors from musical.ly can also exchange Kuaishou’s equity.

However, there is the disgusting existence of Cheetah Mobile, Su Hua directly announced that he would give up the acquisition of musical.ly.

Just when Yang Luyu felt that he saw hope for independent development, Cao Cao Entertainment suddenly took action.

Directly agree with all the conditions offered by Cheetah Mobile, and strongly deal with the most difficult investors.

As for why they didn't resist?

Cao Cao Entertainment, which has just received $30 billion, can burn the investors of musical.ly alive.

Investors have no confidence to choose to accept the acquisition of Cao Cao Entertainment.

Who cares about the opinions of these founders?

History is always written by the victors.

Musical.ly, which has had scandals with Zuckerberg, Tengxun, and Kuaishou, was acquired by its twin brother Douyin.

Kuaishou is reluctant to acquire News Republic because they only make short videos.

But Cao Cao Entertainment is different. Hong Jun originally had the need to test the browser business.

As one of the well-known foreign platforms, News Republic already owns a large number of media copyrights, which are all very valuable resources.

In the browser business, the most important part is news distribution, and News Republic's main business is precisely this aspect.

News Republic is a poison pill for Kuaishou.

But for Cao Cao Entertainment, it is simply giving help in the snow.

A ready-made news distribution team can be recruited directly on the basis of this team to form a browser business unit.

Cheetah Mobile priced News Republic at $8700 million.

In just one year, they made $3000 million on News Republic.

Su Hua didn't know how much Kuaishou's loss of musical.ly would be to them in the future.

Without musical.ly, Douyin would not be able to go overseas at all, let alone have the potential to surpass Facebook.

chapter 450, adult ceremony

Portofino Pure Waterfront.

The nanny in the villa is busy. Today is a bit special. It is Zhuang Shiyu's birthday.

This also means that Xiao Shiyu has turned eighteen and has become a big girl.

Chen Dongcheng was at the small pier in front of the villa, holding a fishing rod and fishing at the lake.

It doesn't matter what you catch, what matters is honing your patience.